SEOUL, Jan. 27 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Wednesday it had developed a premium 1.5GPa martensitic (MS) steel plate to be used for eco-friendly vehicles. The premium 1.5GPa MS steel plate is flatter and has a higher crack resistance than any other in the same product category. Thanks [...]
SEOUL, Jan. 25 (Korea Bizwire) — Mercedes-Benz Korea said Tuesday it will continue to beef up its electric vehicle lineup in South Korea to meet changing customer demands and follow the automobile industry trends. The German carmaker plans to launch four all-new and two facelifted models in Korea, its fifth-biggest passenger vehicle market, this year, [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. is holding an unusual promotion event for its all-electric IONIQ 5 in which the model uses its “vehicle-to-load” technology to supply electricity to a small cabin deep in the woods. South Korea’s biggest carmaker recently joined hands with Studio Puisto Architects, a Helsinki architecture studio, to [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea announced plans on Wednesday to reduce the amount of subsidies provided to electric vehicle (EV) purchases in exchange for offering subsidies to a wider line-up. The government said that subsidies will be provided to 207,500 EVs this year, up from 101,000 cars last year. The maximum amount [...]
SEOUL, Jan. 18 (Korea Bizwire) — Swedish premium electric carmaker Polestar on Tuesday launched the Polestar 2, its first fully electric, high-volume model, in South Korea to gain a share in the local EV market. The Polestar 2 electric performance fastback is equipped with a 78kWh battery and can travel up 417 kilometers on a [...]
SEOUL, Jan. 14 (Korea Bizwire) — Electric vehicle (EV) charging is not easy in South Korea’s densely packed metropolitan areas, data showed Thursday. The southern port city of Busan ranked first in terms of the ratio of electric vehicles per fast charger with 29.4 units among major cities in South Korea, According to the data [...]
SEOUL, Jan. 13 (Korea Bizwire) — Amid increasing voices pointing out the shortage of charging infrastructure for electric vehicles (EVs), the government is taking steps to regulate those who monopolize the use of fast chargers. The fast chargers run by the state power firm Korea Electric Power Corp. (KEPCO) will automatically stop charging if the [...]
SEOUL, Dec. 21 (Korea Bizwire) — Hyundai Motor Group raised its global electric vehicle (EV) sales target for 2026 to 1.7 million units from 1 million units, its chief executive has said, underscoring the automaker’s push to meet the growing EV demand. Hyundai Motor CEO Chang Jae-hoon made the remark in an interview with the [...]
SEOUL, Dec. 21 (Korea Bizwire) — Swedish premium electric vehicle (EV) brand Polestar announced its official launch in South Korea on Tuesday, eyeing for a firm market foothold with a plan to release four EVs over the next three years. South Korea is one of the five countries in the Asia-Pacific besides China that Polestar, [...]
SEOUL, Dec. 8 (Korea Bizwire) — Hyundai Motor Co. said Tuesday that it will launch full-scale operations of EV Park, a new space combining the concepts of car washing and charging at the Washholic Center in Yongin, Gyeonggi Province. EV Park is a special space created through collaboration with car washing specialist Washholic. Car washing [...]